VANCOUVER, BC / ACCESSWIRE / January 4, 2016 / Oyster Oil and Gas Ltd. ("Oyster" or the "Company") (TSX-V: OY) is pleased to announce that it had commenced an airborne survey in the Republic of Djibouti.
The survey is being conducted by Bridgeporth Holdings Ltd, a UK based specialist geophysical contractor. The programme consists of a high density gravity and magnetics airborne survey over some 3,350 line kilometres onshore and offshore in southern Djibouti; the survey acquisition is scheduled for completion in January 2016, and the contract includes the processing and inversion studies of the data later in 2016.
Dr Phil Roach, Head of Exploration commented: "This survey will be an important addition to the Djibouti hydrocarbon dataset and will aid our understanding of structural development of the working petroleum system in Djibouti. We believe that this high quality survey will enable Oyster to identify optimum areas for further exploration work prior to making any drilling decisions."
About Oyster Oil and Gas Ltd.
Oyster is an international oil and gas exploration company with a focus on Eastern Africa. Oyster holds production sharing contracts interests with the Government of Djibouti and the Government of Madagascar. Oyster holds four blocks comprising approximately 3.5 million acres onshore and offshore in Djibouti; and also is the working interest holder of an onshore block in Madagascar covering approximately 2.8 million acres.
For further information please contact:
Emily Davis, Corporate Secretary
Tel: (604) 628-5616
Fax: (604) 662-7950
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Oyster Oil and Gas Ltd.